Indonesian Journal of Law and Economics Review
Vol 18 No 3 (2023): August
Financial Technology

Fintech Peer To Peer Lending Sharia as an Alternative Capital for MSME in Sidoarjo
Fintech Peer To Peer Lending Berbasis Syariah Sebagai Alternatif Permodalan UMKM Sidoarjo


Article View
  • Fitri Nur Latifah*,
  • Ninda Ardiani,
  • Novia Ariyanti ,
  • Mega Novita Syafitri
Fitri Nur Latifah
Universitas Muhammadiyah Sidoarjo, Indonesia *
Ninda Ardiani
Universitas Muhammadiyah Sidoarjo, Indonesia
Novia Ariyanti
Universitas Muhammadiyah Sidoarjo, Indonesia
Mega Novita Syafitri
Universitas Muhammadiyah Sidoarjo, Indonesia

(*) Corresponding Author
Picture in here are illustration from public domain image or provided by the author, as part of their works
DOI: https://doi.org/10.21070/ijler.v18i3.943
Published August 3, 2023
Keywords
  • Islamic peer-to-peer lending,
  • Fintech,
  • MSMEs,
  • Sidoarjo,
  • Sharia finance
How to Cite
Latifah, F. N., Ardiani, N., Ariyanti , N., & Syafitri , M. N. (2023). Fintech Peer To Peer Lending Sharia as an Alternative Capital for MSME in Sidoarjo . Indonesian Journal of Law and Economics Review, 18(3). https://doi.org/10.21070/ijler.v18i3.943

Copyright (c) 2023 Fitri Nur Latifah, Ninda Ardiani, Novia Ariyanti , Mega Novita Syafitri

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Crossref
Scopus
Google Scholar
Europe PMC

Abstract

This study aims to explore the role of Islamic peer-to-peer lending fintech as an alternative solution to Sidarjo's MSME capital problem. As we know there are still many MSMEs still unbankable. So when capital issues arise, they are in trouble. Therefore, the existence of Sharia Fintech with P2P system is expected to be the solution to these problems. The study uses a qualitative case study method that collects secondary and primary data through interviews with Sidoarjo economic officials. The conclusion of this study shows that sharia peer-to-peer loan financing to MSME can improve his MSME's performance. Sidoarjo's MSMEs just lack understanding of Sharia Fintech P2P as an alternative to capital.  

Highlights:

  • Sharia Fintech P2P as a solution for MSME capital problem
  • Qualitative case study using secondary and primary data
  • Lack of understanding hindering MSMEs from accessing Sharia P2P finance.

Keywords: Islamic peer-to-peer lending,Fintech,MSMEs,Sidoarjo,Sharia finance

Article View

Downloads

Download data is not yet available.

References

  1. B. A. Darmansyah, A. Fianto, A. Hendratmi, and P. F. Aziz, "Factors Determining Behavioral Intentions to Use Islamic Financial Technology: Three Competing Models," J. Islam. Mark., vol. 12, no. 4, pp. 794–812, 2020.
  2. Suwarni, B. N. Indriyanto, E. R. Kaburuan, Parwito, E. Darwiyanto, and J. W. Simatupang, "Implementation SCRUM Method in Warehouse Receipt System Development," in 6th International Conference on Orange Technologies, ICOT 2018, 2018.
  3. Ototritas Jasa Keuangan, "Statistik Fintech Indonesia per Juli 2021," Jakarta, 2021.
  4. A. A. King and B. Baatartogtokh, "How Useful Is the Theory of Disruptive Innovation?," MITSloan Manag. Rev., vol. 57, no. 1, pp. 77–90, 2015.
  5. Ototritas Jasa Keuangan, "Perusahaan fintech lending berizin dan terdaftar di OJK per November 2021," Jakarta, 2021.
  6. Y. Maulana and H. Wiharno, "Fintech P2P Lending dan Pengaruhnya Terhadap Pertumbuhan Ekonomi Indonesia," Indones. J. Strateg. Manag., vol. 5, no. 1, pp. 1-10, 2022.
  7. M. L. N. Rosmadi, "Penerapan Strategi Bisnis di Masa Pandemi Covid-19 Jurnal IKRA-ITH Ekonomika Vol 4 No 1 Bulan Maret 2021," J. IKRA-ITH Ekon., vol. 4, no. 1, pp. 122–127, 2021.
  8. F. N. Latifah, "Manajemen Bisnis Ibu Rumah Tangga yang Bankable di Desa Kenongo," in Proceeding of Community Development, 2018, vol. 2, pp. 139–144.
  9. Sugiyono, "Metode Penelitian Kuantitatif, Kualitatif, dan R&D," Bandung: Alfabeta, 2011.
  10. B. Arifin and Nurdyansyah, "Buku Ajar Metodologi Penelitian Pendidikan," 1st ed., Sidoarjo, 2018.
  11. K. R. Yin, "Qualitative Research from Start to Finish," New York: The Guilford Press, 2011.
  12. Norvadewi, "Bisnis Dalam Perspektif Islam," Al-Tijary, vol. 01, no. 1, pp. 33–46, 2015.
  13. B. R. I. K. Siharis, "Pengaruh Financial Technology (Fintech) Terhadap Perkembangan UMKM DI Kota Magelang," J. Pros. Semin. Nas. Dan Call Pap., pp. 347–356, 2019.
  14. M. M. Syafitri and F. N. Latifah, "Fintech Peer To Peer Lending Berbasis Syariah Sebagai Alternatif Permodalan UMKM Sidoarjo," J. Ilm. Ekon. Islam, vol. 9, no. 01, pp. 1438–1447, 2023.